Analysts Set HCI Group, Inc. (NYSE:HCI) PT at $231.67

HCI Group, Inc. (NYSE:HCI) has earned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $231.6667.

A number of research analysts recently commented on the company. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th.

HCI Group Price Performance

Shares of NYSE:HCI opened at $150.51 on Friday. The company’s fifty day moving average price is $161.40 and its 200-day moving average price is $177.34. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.64 and a beta of 1.19. HCI Group has a one year low of $129.58 and a one year high of $210.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share for the quarter, beating the consensus estimate of $4.87 by $2.38. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. The firm had revenue of $246.24 million for the quarter, compared to analysts’ expectations of $232.36 million. On average, equities research analysts anticipate that HCI Group will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 20th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.60 annualized dividend and a yield of 1.1%. HCI Group’s dividend payout ratio is currently 7.05%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HCI. Freestone Grove Partners LP lifted its holdings in shares of HCI Group by 353.6% in the 4th quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock worth $52,735,000 after acquiring an additional 214,464 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of HCI Group by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock valued at $154,975,000 after purchasing an additional 105,925 shares during the last quarter. Danske Bank A S bought a new position in shares of HCI Group during the 3rd quarter valued at $19,256,000. Marshall Wace LLP raised its position in HCI Group by 107.3% in the 2nd quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock worth $24,082,000 after purchasing an additional 81,884 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in HCI Group by 129.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider’s stock worth $24,038,000 after purchasing an additional 70,662 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.